7/3 (Wed) The people at the securities company cannot trade

Securities company personnel are legally unable to trade FX as individuals.

This indicates that trading cannot be done speculatively based on internal information within the company.

However,

people in the dealing room trade with the orders of clients.

Taking these into account, at the very least,

the FX trades we routinely engage in in daily life are far from that.

In such a situation,

there are people who run investment salons under titles such as

"former securities professionals,"

but as mentioned earlier,

whether those investment salons truly enable success is unclear.

When you hear titles like president, manager, or section chief,

people sometimes feel, “they seem like impressive people.”

However

with the title of “former securities professional,”

it is arguably a less persuasive label

in its essence.

Therefore,

the knowledge learned in that salon may be purely theoretical and not practically usable.

Market price movements are not controllable by anyone,

and such so-called “textbook movements” almost never occur,

and in reality, it is highly likely that it cannot be applied.

In reality,

if someone who worked at a securities company and traded FX in a dealing room, that would still be quite persuasive.

But if someone is not like that, such as a salesperson

who has never traded FX and only has knowledge,

then can they really win at that investment salon?

I cannot say for sure.

Rather,

I cannot understand why someone who has never traded FX would open an investment salon.

The world has a merit-based society, where those who study well earn high incomes,

and in the past, even the Nobel Prize-winning LTCM hedge fund collapsed, showing that knowledge alone does not guarantee success,

and necessarily having knowledge does not ensure excellent results.

There is often little causality.

That is because,

it remains merely “knowledge.”

In life as well,

the important thing in surviving life is

not knowledge but wisdom.

As you live with knowledge, you transform it into a form that you actually need to survive and discover, which becomes wisdom.

This also applies to FX.

Knowledge alone cannot win in FX.

You must transform it into something usable,

in other words, turn it into wisdom in order to win.

To cultivate such wisdom,

if your goal is to obtain the necessary knowledge,

investment salons may be useful.

However,

unless you absorb it in your own way and turn it into wisdom,

it will be difficult to win in FX.

Therefore,

investment salons run by people with securities company titles may be better viewed as places to gain knowledge rather than to achieve practical results.

They may teach textbook-style movements as a matter of hindsight,

so for some people, entering such salons may not be necessary,

and starting with a demo account to refine one’s own trading method could be one option.

Ultimately, the end goal is to win in FX trading.

If you forget that fundamental goal and just collect knowledge,

and endlessly ponder this or that, you will never win.

Even if you have plenty of knowledge,

there are people who still don’t know what they’re trying to say.

“So in the end, can you win?” is the question.

Everyone should keep in mind the ultimate goal of winning in FX from the start.

Please always keep that in mind!

Well then!

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